Model Validation
UK
The following table provides summary statistics for permanent job vacancies with a requirement for Model Validation skills. Included is a benchmarking guide to the salaries offered in vacancies that have cited Model Validation over the 6 months to 18 May 2024 with a comparison to the same period in the previous 2 years.
| 6 months to 18 May 2024 |
Same period 2023 | Same period 2022 | |
|---|---|---|---|
| Rank | 466 | 743 | 897 |
| Rank change year-on-year | +277 | +154 | -48 |
| Permanent jobs citing Model Validation | 502 | 237 | 354 |
| As % of all permanent jobs advertised in the UK | 0.50% | 0.24% | 0.22% |
| As % of the Processes & Methodologies category | 0.59% | 0.25% | 0.23% |
| Number of salaries quoted | 39 | 60 | 133 |
| 10th Percentile | £47,500 | £35,733 | £43,000 |
| 25th Percentile | £53,750 | £44,375 | £55,000 |
| Median annual salary (50th Percentile) | £70,576 | £55,043 | £80,000 |
| Median % change year-on-year | +28.22% | -31.20% | +10.34% |
| 75th Percentile | £93,750 | £91,822 | £88,750 |
| 90th Percentile | £116,500 | £103,911 | £126,250 |
| UK excluding London median annual salary | £55,000 | £50,139 | £69,500 |
| % change year-on-year | +9.70% | -27.86% | -11.85% |
All Process and Methodology Skills
UK
Model Validation is in the Processes and Methodologies category. The following table is for comparison with the above and provides summary statistics for all permanent job vacancies with a requirement for process or methodology skills.
| Permanent vacancies with a requirement for process or methodology skills | 85,135 | 94,784 | 153,905 |
| As % of all permanent jobs advertised in the UK | 85.22% | 95.58% | 95.76% |
| Number of salaries quoted | 59,872 | 55,911 | 82,488 |
| 10th Percentile | £29,089 | £34,000 | £33,635 |
| 25th Percentile | £40,000 | £45,000 | £43,750 |
| Median annual salary (50th Percentile) | £55,000 | £61,180 | £60,000 |
| Median % change year-on-year | -10.10% | +1.97% | +9.09% |
| 75th Percentile | £72,500 | £81,250 | £80,000 |
| 90th Percentile | £92,500 | £100,000 | £96,250 |
| UK excluding London median annual salary | £50,000 | £55,000 | £52,500 |
| % change year-on-year | -9.09% | +4.76% | +9.38% |
Model Validation
Job Vacancy Trend
Job postings citing Model Validation as a proportion of all IT jobs advertised.
Model Validation
Salary Trend
3-month moving average salary quoted in jobs citing Model Validation.
Model Validation
Salary Histogram
Salary distribution for jobs citing Model Validation over the 6 months to 18 May 2024.
Model Validation
Top 15 Job Locations
The table below looks at the demand and provides a guide to the median salaries quoted in IT jobs citing Model Validation within the UK over the 6 months to 18 May 2024. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 6 month period last year.
| Location | Rank Change on Same Period Last Year |
Matching Permanent IT Job Ads |
Median Salary Past 6 Months |
Median Salary % Change on Same Period Last Year |
Live Jobs |
|---|---|---|---|---|---|
| UK excluding London | +190 | 406 | £55,000 | +9.70% | 35 |
| England | +246 | 325 | £70,576 | +12.92% | 63 |
| North of England | +123 | 109 | £62,788 | +19.39% | 10 |
| Scotland | -12 | 76 | £70,576 | +41.15% | |
| North West | +59 | 73 | £43,750 | -20.52% | 7 |
| South West | +24 | 69 | £55,000 | -28.33% | 5 |
| London | +123 | 66 | £100,000 | +17.65% | 28 |
| South East | +32 | 45 | £50,000 | +29.87% | 11 |
| Northern Ireland | +48 | 37 | - | - | |
| Yorkshire | +102 | 36 | £70,576 | +40.76% | 3 |
| Wales | +32 | 35 | - | - | |
| East Midlands | +15 | 33 | - | - | |
| Midlands | +7 | 33 | - | - | 6 |
| Work from Home | +64 | 21 | £55,000 | +12.82% | 27 |
| East of England | -1 | 2 | £52,500 | +26.51% | 3 |
Model Validation
Co-occurring Skills and Capabilities by Category
The follow tables expand on the table above by listing co-occurrences grouped by category. The same employment type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:
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